Calamp Corp. (CAMP) Misses Q3 EPS by 5c; Guides Q4 In-Line

Calamp Corp. (NASDAQ: CAMP) reported Q3 EPS of $0.21, $0.05 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $83.4 million versus the consensus estimate of $83.93 million.

GUIDANCE:

Calamp Corp. sees Q4 2017 EPS of $0.25-$0.31, versus the consensus of $0.27. Calamp Corp. sees Q4 2017 revenue of $84-89 million, versus the consensus of $85.7 million.

Michael Burdiek, CalAmp's President and Chief Executive Officer, said, "In the latest quarter Mobile Resource Management (MRM) telematics product sales reached the highest level of the last four quarters. We are optimistic about our near-term growth as visibility has improved markedly from earlier in the year when macro factors negatively impacted demand for fleet telematics products in the U.S. As we look ahead, we see a number of catalysts on the horizon to drive near and long-term growth for our novel portfolio of connected vehicle telematics solutions."

For earnings history and earnings-related data on Calamp Corp. (CAMP) click here.

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